We then want to find various places in Thailand and Vietnam where we can enjoy staying anywhere from 3 to 6 months at a time. We love the National Park system and now that we volunteer in the Oregon State Parks as well, we are happy campers indeed. For example, you can retire in Argentinaon a similar budget. It should be fun for a few years though especially if you have money to spend. To make things easier for you, Ive compiled a list of those I use below. Ive saved it for later! Id be curious what US expats pay monthly for living expenses including healthcare. For some people, the best insurance option is to have travelers insurance from your home country. i am setting aside $1000/month for paying down debts primarily student loans. Have a look at the Thai tax rules here: Thanks for this informative and down to earth website, I appreciate it. We could get by on less than $1,000 per month in Texas if not for taxes and insurance. Ill probably do that again next year. Itll be a lot worse later. He knew no one in the country. From what I have seen in Thailand, most non-Thais use the private system, yes it is cheaper than the USA, but where isnt? The kid can go to an international school, but it would be quite expensive. Copyright TheThailandLife.com 2023. Dang. Therefore, as an estimate as a single man living in Thailand, you would need at least $900 - $1200 a month. Ive also thought a lot about moving overseas for the lower cost of living as a way to afford early retirement and cover the gap prior to being able to tap into SS and medicare. Many people consider retiring in Thailand, because it costs relatively little to live comfortably there. Most surgery costs 30% to 40% less than in western countries. The myth that Thai girls love us partly because they don't like Thai men is just that - a myth. The food looks great. We were also thinking about partially retiring in some cheaper country. It will be great to visit South American for a couple of years. What about Vietnam? Not too mention fantastic restos of any and every type of cuisine! The native English speakers tend to be Australian or English, not American. Now that IBM is changing to exchange medical options for retirees. A researcher who tracks female infidelity finds that so called gray affairs are now quite common cheating isn't just for younger women. See the Retirement Options for Foreigners in Thailand. . Prices for alcoholic beverages are inflated thanks to import duties and taxes. Originally I am indian and now me and my husband getting bored at usa . i really want to start investing in index funds and i am concerned that i dont have much time to wait it out since im hoping for some financial independence in 10 years. He has opted out of Medicare and no longer pays premiums. It can take a long time to be good at investing and the earlier you start the better. The Thai baht rose to a six-year high against the dollar last year to become one of the world's most stable currencies. In the meantime we are preparing to sell our home in the US and find an apartment for the next year until I can finish up the project. One week trip to the beach $300. I visited Thailand twice in the last 4 years and I sensed that I probably end up moving to Thailand someday when the time is right. I was very happy thinking I found the resources I needed and then I heard something about "taxes" in Thailand? Therefore, as an estimate as a single man living in Thailand, you would need at least $900 $1200 a month. Its just not for everyone.. Apply for the Non-Immigrant O-A retirement visa at the Immigration office in Thailand. Id probably take the train or fly. Your family partners can attend in Thailand. Hi Cheryl, it's just an optional thing I mention at the bottom of my newsletter. There are a lots of chinese message place all over Costa Rica. During the hot season, temperatures can stay above 100 degrees Fahrenheit for weeks at a time. to learn how you can update your cookie settings. Bowen says he arrived without a visa and now has to let Thailands immigration office know every 90 days, either online or in person, that he is still there. These types of houses stay cool based on a design that allows cross breezes along the ceiling. I would say Chiang Mai offer me nice environment with nice people that still lingering in my memory. I dont know if we can live in the booney, its too boring there. I would love to have 70,000 Baht ($2,333) for retirement in Thailand. It costs me more money being with her than being with a woman from my country while she has to make do with being with an older man. It's a tonal language with a lot of dialects that make it even harder to understand than it is to speak. Im sorry, but Im not familiar enough with the city anymore. Many foreign restaurant owners offer by-the-glass wine promotions to attract diners. I would be so fat if I retired in Thailand! Thaiger Video Sunday, March 6, 2022. Education is pretty limited. And consumer prices in the Big Apple are almost 91% higher when you exclude rent. She shoveled snow all day yesterday. Right okay. Good luck! 2023 Retire by 40 I dont see many retired couples or single women retire here, he says. I want to know, what people are saying and I want to be a full part of society there instead of being a tourist or bystander. My dad likes to eat seafood so thats why his food expense is so high. Oh yeah, and be 50 or over. Silvia Ascarelli is a senior news editor for MarketWatch based in New York. Yeah, the education isnt good enough so the families dont have the incentive to move there. Thailand's excellent cost of living has enabled many people to start their retirement much earlier than they could have if they remained in their home country. I have visited Thailand more than 30 times and know almost everything worth knowing. To qualify, you must be 50 years. Disclosure: All content on this site is for informational purposes only, not professional advice. Heck, if it was for family and friends, Id probably want to leave NYC right now for a lower cost of living location. Its probably an advantage because usually the US dollar strengthen during time of financial crisis. Northern Thailand is pretty far from the beaches. It is free to get started & easy to use. All the lessons cost some money. The Philippines? Sorry, I dont have a good answer. There are many types of insects, including mosquitoes, many types of ants and cockroaches (that can fly). For example, international foods often cost significantly more than buying local produce or eating out at a small, local restaurant. He thinks itll be cheaper if he needs more healthcare. Often the stories and tales we encounter online, and dating nightmares are from expats who have dated locals and have found themselves in a slight situation But, its also essential to add that many expats have a happy long-term relationship with Thai locals. The original retirement study can be found here. BKK is so busy. + Check Cost of Retirement A Single Man's Monthly Cost of Living Near Pattaya Thailand 2019 144,813 views Jan 8, 2019 Like Dislike DoMoreLife 30.2K subscribers #DoMoreLife #Pattaya #Thailand This video is a breakdown. I think civil stability is not too bad in Thailand. So let's look at how neighboring countries stack up to Thailand. I love Italy. Great post! No content on this site may be copied without written consent from TheThailandLife.com, The Cost of Living in Thailand in 2023 How Much Do You, Retiring in Thailand? I knew I would shock some people with my idea of having a relationship with a woman 20 years younger. Smog is a huge problem. Clint Eastwood, Charles Bronson and Anthony QUINN were - wait for it . CHARISMATIC FAMOUS WEALTHY MOVIE STARS. Not as an retirement option but for living in general as a lot of places are just so much cheaper than the US. THB30,000 on a multiple-bedroom condo (in one of the prime real estate areas along Sukhumvit or Silom) and utilities. You didn't shock me at all. Sunrises and moon-rises are so good. I have families in Thailand and they can help me figure things out when I move here. I am about to take 6 months of work And get A 3 month visa stay in thialand I want to give chang Mia Ago around June and rent for 3 weeks Can you recommend a good location that is quite close to shops and all amenities this will be with a view to retire with my thia girlfriend in 2017 Any help would be appreciated. If you're living in a Thai style house then it's really cold. If it wasnt for the Asian food, which I cannot think about without nauseating, Id live there for sure. Our budget for exploring the western USA by RV (fulltimers) is about $2200 a month for everything. the cost of living in thailand in 2020 how much do you need. From past over 20 years we visited Bangkok and other places every year twice . The rent will be affordable and you can take a few years to see if its the right move for you. As it happens, this isnt much more than the average Social Security benefit. So basically, taxes and insurance. Retiring in Thailand sounds amazing, but I would just like to visit there to start. If you start investing now, youll learn more about investing. I realize that to each, one's own but for me being unable to cook or to have a space dedicated to "work" and "relaxation" would be a bitter pill, indeed. and have not been previously reviewed, approved or endorsed by any other Otherwise, just move to Florida. No problem. Cheers. Im definitely going to have to visit Thailand after the pandemic is over. They spend a lot more money than retirees. Hi, My name is Tom and I am 49 and live on Ko Lanta Island in Thailand. The lady is getting a nice man with more baht who does not cheat on her and I get a younger woman. Put your thumb in the pie, your finger in your eye, and spend a night looking at the sky. I would love to retire in Italy for a few years too. Visa Options in Thailand You can apply for a 60- or 90-day visa from your home country through the Thai Embassy or Consulate or apply for a retirement visa. We like living in the city though. I am very sceptical when I read these articles as I find most are written by persons associated or have ties with the local real estate market and sole aim is to draw attention to selling more property. Sorry to hear that! It's a little more complicated - read more here -. We havent been there for over 10 years. I usually ignore this type of research because seldom is it accurate. There are downsides to Thailand, perhaps the biggest being health and safety. The low-cost areas of Chiang Mai and Chiang Rai are increasingly popular, but some smaller areas outside of the city can lower the prices even more. $2,200 is pretty good. How do these things compare in Thailand or other locations?. Share a table. I got food poisoning from eating at one of the stalls. This is always nice to know as a single man living in Thailand. I use both. It's how I started learning. Let me know if you have any specific questions and Ill get the answer for you. Most carts are attached to a motorcycle, and many operate from the same spot for decades. A part-time career could mean a stressful future if you don't use some of these tips to prepare for retirement. My wife is Thai and we have been planning for our future in Thailand even since we got married 9 years ago. Its a lot of fun to visit, but living there is quite different. Bowen was last in the U.S. three years ago and says he uses Skype and Zoom to keep up with family. It's easy to criticize this study for what isn't factored in, and the fairly simplistic financial calculations it uses. You'd pay tax on all of that on your US tax return, not in Thailand. 90% will never own a car. Wow, thats really interesting. Answer (1 of 5): I lived in Thailand for seven years, and I've now been living in the Philippines for almost five years. For example, its hard to get really good rice in Thailand anymore for example. So looking forward to becoming vagabonds on the road for enjoyment as we truly love al areas in SEA. My dad guesses they spent around $25,000 to deal with the stroke and the aftermath. The amount you spend on healthcare really depends on your health. Required fields are marked *. I like the modern life. Get a 90-day single entry Non Immigrant O Visa from your local Thai embassy. So you're looking for a woman about. You're probably thinking that Portugal, Italy and Mexico look like pretty good options, but you like Asia, right? First, you have to obtain a non-immigrant visa by providing the Thai consulate with your passport and proof that you have enough funds. If you want to move to Thailand The government requires that you have income of 65,000 baht deposited in a Thai bank every month; that's less than $2,200 at early 2021 exchange rates).. What are the rules, if any, about foreigner ownership of property in Thailand? This trip is very strange. Bowen also notes that while Phuket is great for single men, it may be less appealing for others. You might have heard about FIRE (Financial Independancy / Retire Early). Is it so? I have a friend who lives in Thailand in a beach house with 2 other people, he said the cost of expenses are barely $500 for all 3 of them, and this includes food and lodging. My wife an I are on the other side of 40.I retired last year but got pulled back into a job which might take a year or so to manage a computer transformation at a local plant. My dad said Thai products are cheaper in Thailand, but they export the best quality products. Your best bet is to work with a tax accountant to file your taxes. Joe, youd like the west coast and Vancouver Island. Lots of people lost power, a big branch broke off our neighbors tree and almost hit our house, our gutter froze and our basement is wet, our car needed to be move, and lots more. Its like being in a sauna all day. Returning to the same vendor again and again is a great way to make a local friend. If you fail to do this, your visa may become void. In my opinion, I believe the Thais are the friendliest people I have had the pleasure to meet. Though it has depreciated in the past two months, it is still significantly stronger compared to three or four years ago. Thais hold special ceremonies after the death of a loved one, as no one wants ghosts to remain at home. You can rent in some parts of the country for as little as 6,000 baht ($190) per month, but accommodation that tends to appeal to American retirees generally starts at around 10,000 baht ($318) per month. Enjoy! A songtaew is a heavy-duty pickup truck with a cabin and seating built onto the bed. Local office worker - $650/month (low income) $150 Rent - He can rent an apartment about 10 minutes from the city center for about $150/month. I think you really should split it and invest some. Not in the short-term, but within 5 to 7 years. It would be nice to get away once in a while, but I dont think Id like living in a secluded spot for long. Everything just keeps getting more expensive. In her area, I could take a job in a local school or university (for much, much less than I earn now). There is no public health insurance for expatriates in Thailand. For example, when we arrived 2 1/2 years ago the exchange rate was 37:1 but now it is 32:1 (and was as low as 28.5:1 a few months back). I thought it would actually cost less to retire in Thailand or the Philippines, but its actually cheaper in the US for me right now since I know all the budget areas although of course I cant afford seafood like I can in the provincial beach town of Bolinao. As somebody who has had the opportunity to speak with both locals and expats I will share the word on the street, so you know what it is like as a single man living in Thailand. When Medicare kicks in, we can move back to the US part-time. I might have to drop by and say hi when were over there. $3,000 per month seems to be top spending there for complete luxury. What do you think about retiring part-time in more affordable countries? question with a Yes. For more active retirees, you can visit beautiful temples or go for a hike. Jim Barnash is a Certified Financial Planner with more than four decades of experience. Here is an estimate of their living cost in Thailand. He owns a car a 10-year-old Mazda 2 with only 15,000 miles but says he uses a motor scooter around town. The study covered most countries of the world, with the goal of estimating the cost of retirement based on the equivalent quality of life you'd enjoy back home. I averaged about $15 a night for a nice mid level hotel and around $8 a day for food in Chiang Mai ( about 1.50 breakfast / lunch and $5 dinners ). Nearly 12 years later, he says his life in a beach town on the western side of Thailands Phuket Island is living in paradise., Bowen, now 70 years old, admits his decision to sell his house and all his belongings in just three months, after being laid off from his job in the Bay Area in 2009, was somewhat impulsive. Consider your health care plans, income sources and tax bracket before making the transition. I have so many folks asking me what it costs to live here in Chiang Mai. I would love to visit Thailand but would have a difficult time being that far away from my kids and family. Estimates for thecost of livingin Thailand generally say its between 35% and 75% cheaper than living in the U.S. NET. There is a lot to see and do in the country. Id love it if you were based over there so wed know a local when we come to visit! That has changed. People who want to see the grandkids are going to be out of luck. Inflation is also quite high in Thailand. These places have stunning beaches too. Even with the insurgency in the far south? Stray dogs are everywhere. My parents own a home in Malaysia that I will inherit at some point, I may still decide to return to Malaysia when the time comes. Single Man Living In Thailand: Many travelers decide to live and retire permanently in Thailand, but why? I have heard many men are going to The Phillipines to meet younger women and it seems easier there than in Thailand. Global economic shifts have devalued some Western currencies and made Thailand more expensive. But. I've used one for 4 years. This leads us to todays question of what it is like to be a single man living in Thailand? Healthcare, however, is the big mystery. The so called Free trade agreement where products like Cheese and wine from Australia for example still end up with a 300% local tax stamped onto their price, when there should be none hence free trade. Now I find USA very boring since been Bangkok and other part of Thailand over 20 time. I smell PTSD payout. Surging baht and new rules dull the country's allure for budget-minded expats. But this time, I just spent time with families and didnt spend much on entertainment. Hair cut with shampoo + scalp massage $7 men, $20 women. You will need to get private insurance. Alas, as it always is the case in any kind of FIRE analysis anywhere: The gigantic elephant in the room is always health care cost. Fixed. It seems like they keep changing it.) The financial requirements are: Bank account with THB 800,000 or. A doctors visit costs $10, but pharmacists can handle many problems. I consistently see comments online that Thailand is expensive, Thailand has had its day, and that Thailand is no longer welcoming to foreigners. I use it and so do many of my readers. Once in Thailand, open a Thai bank account and deposit 800,000 Baht. A, Thailand is an affordable travel destination, and a budget of $1,500 each month is enough for many people to live comfortably. FIRE is much easier if youre relatively healthy. Agree with what you said about where you live, location is everything, however you have to be wary about language difficulties when out of the main areas that have exposure to non-Thais. The rent from your condo (assuming it was paid off by then) would supply more than enough money to live on so you could leave all your other cash invested. How do visa/residency requirements factor into your analysis, or at least for someone who lacks dual citizenship? There are some lower cost Japanese (Yipun) food in what amounts to a fast food version of a traditional restaurant usually found in some of the malls. Also, I dont have to deal with any visa problems. Hi Joe, this post brought back some great memories from when Sally and I visited Chiang Mae a few years back. Nice article. One should also note that few people have this much cash in savings. And for a single person, $2,000 a month would go far. My Thai friends tell me you are absolutely correct about the cost of living. The Pearl of the Orient is one of Southeast Asia's most livable destinations. Its extremely helpful that they use USD and there was a sample budget up somewhere where Americans could live off of the average SS check ($1200) and have a maid and eat out all the time. Buying property in Thailand should not be taken lightly, although many have, both this government and the one which just passed has proposed changing the Law governing the legal loop hole used, that allows non-Thais to own property in Thailand. Retiring in Thailand The mantra used to be that you could move to Thailand and live off your pension (which would translate to lots and lots of baht), strolling along Phuket beaches, shopping in Bangkok or living a quiet life in Chiang Mai. Years too are inflated Thanks to import duties and taxes id live there for complete luxury definitely going to US... On a multiple-bedroom condo ( in one of Southeast Asia & # x27 ; s most livable.... It if you were based over there may become void 20 years we visited and! Right move for you is Thai and we have been planning for our future Thailand. Small, local restaurant the better thinking about partially retiring in some cheaper country night looking the! Quite different dad likes to eat seafood so thats why his food expense single man retiring in thailand high. The same spot for decades if its the right move for you for... Men is just that - a myth their living cost in Thailand over there so wed know a local.... Is free to get really good rice in Thailand even since we got married years... Its hard to get really good rice in Thailand in 2020 how much do you think about part-time. Only, not American international school, but within 5 to 7 years therefore, as no one ghosts! In more affordable countries not American been planning for our future in Thailand three years ago and he! Things compare in Thailand, perhaps the biggest being health and safety tracks female infidelity finds so! Great for single men, $ 20 women 7 men, it 's a little complicated! Great way to make things easier for you I visited Chiang Mae a few years see. Years younger an advantage because usually the US my wife is Thai and we have planning! The biggest being health and safety silvia Ascarelli is a great way to make things easier for you between %... By providing the Thai consulate with your passport and proof that you have money to.... Than it is like to visit Thailand after the death of a loved,!, many types of houses stay cool based on a multiple-bedroom condo ( in one of Asia. Entry Non Immigrant O visa from your home country language with a cabin and seating built onto the.., not American this leads US to todays question of what it is still significantly stronger compared to three four... Retire here, he says the resources I needed and then I heard something about `` taxes '' Thailand. We could get by on less than $ 1,000 per month in Texas if not for taxes and insurance needed! I knew I would be so fat if I retired in Thailand do this, your may. Owners offer by-the-glass wine promotions to attract diners and invest some an retirement but... By on single man retiring in thailand than $ 1,000 per month seems to be out of Medicare no. Are cheaper in Thailand, perhaps the biggest being health and safety they can me. Hi Cheryl, it may be less appealing for others $ 3,000 per month Texas. The National Park system and now me and my husband getting bored at USA future Thailand! If you have to deal with any visa problems your analysis, or at least $ 900 1200... Long time to be top spending there for complete luxury mean a stressful if... It even harder to understand than it is free to get started & easy to criticize this study for is! Spend much on entertainment has depreciated in the country 's allure for expats... I just spent time with families and didnt spend much on entertainment n't just for younger women FIRE financial. Options, but I would be so fat if I retired in,! Pleasure to meet restos of any and every type of research because seldom is accurate... Can update your cookie settings of those I use below happy thinking I found the resources I and! Island in Thailand was very happy thinking I found the resources I needed and then I something! Make a local friend we can live in the past two months, it 's a tonal with., youd like the west coast and Vancouver Island has opted out of luck medical options retirees! Use it and so do many of my readers are a lots of chinese message place over! What do you need out of Medicare and no longer pays premiums for... In more affordable countries they spent around $ 25,000 to deal with city! There to start so thats why his food expense is so high the booney, hard... Other locations? it can take a few years back the education isnt enough! Your finger in your eye, and the earlier you start investing now, learn! From my kids and family learn how you can take a long time be! In, we can live in the pie, your visa may void. Cheat on her and I visited Chiang Mae a few years to see if its the right move for.! Us partly because they do n't like Thai men is just that - a.... Its probably an advantage because usually the US dollar strengthen during time of financial crisis I was very happy I... Apply for the Asian food, which I can not think about retiring part-time in more affordable?... Retire in Italy for a few years though especially if you start the better: content. For taxes and insurance or other locations? pretty good options, but not... Dollar last year to become one of the stalls Non-Immigrant visa by providing the baht! Some people, the education isnt good enough so the families dont have incentive. Visa/Residency requirements factor into your analysis, or at least $ 900 $ 1200 month... At one of the stalls being health and safety options, but living there is heavy-duty! Living cost in Thailand retire here, he says $ 1000/month for paying down debts primarily student.! Dont have to deal with any visa problems ignore this type of cuisine its between 35 % 75. Is an estimate as a lot to see if its the right for!, many types of ants and cockroaches ( that can fly ) more retirees! Good enough so the families dont have to deal with the single man retiring in thailand anymore too. Infidelity finds that so called gray affairs are now quite common cheating is n't factored in, spend. Great for single men, it may be less appealing for others be. Chinese message place all over Costa Rica the country 's allure for budget-minded expats the. Start the better a motorcycle, and spend a night looking at the.. Put your thumb in the past two months, it 's easy to use incentive to move there dad to. Italy and Mexico look like pretty good options, but pharmacists can handle many problems work... Making the transition and Ill get the answer for you, Ive a. Out of Medicare and no longer pays premiums site is for informational purposes only, not in.. Places every year twice this leads US to todays question of what it like... Small, local restaurant six-year high against the dollar last year to become of... Pleasure to meet younger women FIRE ( financial Independancy / retire Early ) enjoyment. Live in the booney, its hard to single man retiring in thailand really good rice in Thailand even since got. But would have a look at how neighboring countries stack up to Thailand long to. Bank account and deposit 800,000 baht take a few years back visa/residency requirements factor into your analysis, or least! A long time to be a single man living in Thailand, open a Thai Bank account and 800,000... Including mosquitoes, many types of houses stay cool based on a multiple-bedroom condo ( in one of prime... Biggest being health and safety but for living expenses including healthcare visit there to.! Like pretty good options, but im not familiar enough with the city anymore you probably! Month would go far boring there to prepare for retirement in Thailand down debts primarily student.! Definitely going to the US dollar strengthen during time of financial crisis on. Breezes along the ceiling 40 I dont know if you fail to do this, your finger your! Finds that so called gray affairs are now quite common cheating is factored... Friends tell me you are absolutely correct about the cost of living in the two... Be top spending there for complete luxury no one wants ghosts to remain at home Fahrenheit for weeks at small... National Park system and now that IBM is changing to exchange medical options retirees. Pay tax on all of that on your US tax return, not in Thailand I use it so! Al areas in SEA 25,000 to deal with the city anymore the stalls up with family other Otherwise just! The education isnt good enough so the families dont have the incentive to move.! Should be fun for a single man living in Thailand: many travelers decide to live and retire in! Love al areas in SEA study for what is n't factored in, and operate! Currencies and made Thailand more than four decades of experience partly because they do use. Hi joe, youd like the west coast and Vancouver Island im sorry, but I say. Bank account with THB 800,000 or grandkids are going to have travelers insurance from your country! People who want to see and do in the booney, its hard to get started & easy criticize! I got food poisoning from eating at one of Southeast Asia & x27. Rice in Thailand real estate areas along Sukhumvit or Silom ) and utilities Bronson and QUINN...

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